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Reliance Nippon Life Asset Management Limited’s – Initial Public Offer to open on Wednesday, October 25, 2017, and close on Friday, October 27, 2017 Price Band of Rs. 247 to Rs. 252 per Equity Share each of Face Value of Rs. 10/- each

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(L to R): Mr. Atul Mehra, JM Financial Institutional Securities Ltd.; Mr. Pankaj K. Agrawal, CLSA India Pvt. Ltd.; Mr. Sundeep Sikka, ED & CEO, Reliance Nippon Life Asset Management Ltd.; Mr. Prateek Jain, CFO, Reliance Nippon Life Asset Management Ltd.; Mr. Yuki Tanaka, Vice President, Reliance Nippon Life Asset Management Ltd.; Mr. Salil Pitale, Axis Capital Ltd.; Mr. Mangesh Ghogre, Nomura Financial Advisory and Securities (India) Pvt. Ltd.- Photo By Sachin Murdeshwar GNS

(L to R): Mr. Atul Mehra, JM Financial Institutional Securities Ltd.; Mr. Pankaj K. Agrawal, CLSA India Pvt. Ltd.; Mr. Sundeep Sikka, ED & CEO, Reliance Nippon Life Asset Management Ltd.; Mr. Prateek Jain, CFO, Reliance Nippon Life Asset Management Ltd.; Mr. Yuki Tanaka, Vice President, Reliance Nippon Life Asset Management Ltd.; Mr. Salil Pitale, Axis Capital Ltd.; Mr. Mangesh Ghogre, Nomura Financial Advisory and Securities (India) Pvt. Ltd.- Photo By Sachin Murdeshwar GNS

MUMBAI, October 13, 2017 (GNS) :  Reliance Nippon Life Asset Management Limited (“Company”),proposes to open its initial public offering (“IPO” or the “Offer”) on Wednesday, October 25, 2017 and close on Friday, October 27, 2017, with a price band of Rs. 247 to Rs. 252 per Equity Share of face value of Rs. 10/- each of the Company (the “Equity Shares”). The Anchor Investor Bidding Date shall be October 24, 2017, being one working day prior to the Bid/Offer Opening Date.

The IPO consists of a fresh issue of up to 24,480,000 equity shares the Company (the “Fresh Issue”) and an offer for sale of up to 36,720,000 equity shares by Reliance Capital Limited and Nippon Life Insurance Company (together, the “Promoter Selling Shareholders”). The offer shall constitute 10.00% of the post-offer paid-up equity share capital of the Company.The Company proposes to utilize the net proceeds of the Fresh Issue for (i) Setting up new branches and relocating certain existing branches, (ii) Upgrading the IT system, (iii) Advertising, marketing and brand building activities, (iv) Lending to their Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF, (V) Investing towards their continuing interest in new mutual fund schemes managed by the Company, (vi) Funding inorganic growth and other strategic initiatives and (vii) general corporate purposes.The Offer is being made in terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), wherein at least 10% of the post-Offer paid-up equity share capital of the Company will be offered to the public. The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”), wherein 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”), provided that the Company and the Promoter Selling Shareholders in consultation with the GCBRLMs and BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

The number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. For details, see “Offer Procedure” on page 398 of the RHP.

JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and Axis Capital Limited are the Global Co-ordinators and Book Running Lead managers to the Offer. Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the Book Running Lead Managers to the Offer and Karvy Computershare Private Limited is the Registrar to the Offer.

The Equity Shares offered through the RHP are proposed to be listed on the National Stock Exchange of India and BSE Limited.ENDS